2945 Southgate Terrace, Orlando, FL 32818
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Priced at Only: $620,000
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Address: 2945 Southgate Terrace, Orlando, FL 32818
Property Location and Similar Properties
- MLS#: O6341870 ( Residential )
- Street Address: 2945 Southgate Terrace
- Viewed: 3
- Price: $620,000
- Price sqft: $236
- Waterfront: No
- Year Built: 1961
- Bldg sqft: 2628
- Bedrooms: 5
- Total Baths: 5
- Full Baths: 4
- 1/2 Baths: 1
- Garage / Parking Spaces: 8
- Days On Market: 4
- Additional Information
- Geolocation: 28.5816 / -81.4972
- County: ORANGE
- City: Orlando
- Zipcode: 32818
- Subdivision: Woodsmere Manor
- Provided by: ELIZUNDIA LUXURY REALTY LLC
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DescriptionExceptional income producing property located in a quiet cul de sac in Orlando, with no HOA and endless possibilities for rental income or multi generational living. This fully renovated and furnished single family home sits on a 0.43 acre lot and includes two independent rental units, both with private entrances and already generating income. The main residence offers 3 bedrooms, 2 bathrooms, modern tile flooring throughout, updated kitchen and bathrooms, a large enclosed Florida room, private pool with dedicated half bath, BBQ area, and access to both city water and private well, reducing utility costs. Unit 1 is an attached 1 bedroom, 1 bathroom apartment with full kitchen and living/dining area, while Unit 2 is a detached 1 bedroom, 1 bathroom guest house with full kitchen and dining area. Both units are fully furnished, renovated, and equipped. The property also includes installed utility connections (water, electric, septic) ready for an additional rental unit, such as an RV or manufactured home, offering an excellent opportunity to expand income potential. Ample parking is available with space for 24 vehicles at the front driveway and 68 additional spaces at the rear, accessed through a motorized gate. The entire lot is fully fenced, ensuring privacy and separation between the main residence and rental units. Recent upgrades completed in 2022 include a new roof, new A/C system, updated electrical, and all new tile flooring and fixtures. This is a turn key investment opportunity, ideal for owner occupants or investors seeking strong immediate returns from multiple income streams.
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- Home Insurance $
- HOA Fees $
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Features
Building and Construction
- Covered Spaces: 8.00
- Exterior Features: Garden, SprinklerIrrigation, OutdoorGrill, OutdoorKitchen, Storage
- Flooring: CeramicTile
- Living Area: 2286.00
- Roof: Shingle
Property Information
- Property Condition: NewConstruction
Garage and Parking
- Garage Spaces: 8.00
- Open Parking Spaces: 0.00
Eco-Communities
- Pool Features: InGround
- Water Source: Public, Private
Utilities
- Carport Spaces: 0.00
- Cooling: CentralAir, CeilingFans
- Heating: Central, Electric
- Sewer: PublicSewer
- Utilities: ElectricityConnected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Tax Year: 2024
- Trash Expense: 0.00
Other Features
- Appliances: Dryer, Dishwasher, ElectricWaterHeater, Disposal, Microwave, Refrigerator, RangeHood, Washer
- Country: US
- Furnished: FurnishedOrUnfurnished
- Interior Features: CeilingFans, MainLevelPrimary
- Legal Description: WOODSMERE MANOR V/129 LOT 2 BLK A
- Levels: One
- Area Major: 32818 - Orlando/Hiawassee/Pine Hills
- Occupant Type: Tenant
- Parcel Number: 10-22-28-9480-01-020
- The Range: 0.00
- Zoning Code: R-CE
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